Consider the following statements: Agile approach is an intellectua...
Explanation:
Agile Approach:
The first statement is correct. Agile approach is indeed an intellectual framework commonly used in fields like project management and technology development. It emphasizes flexibility, collaboration, customer feedback, and the ability to adapt to changing circumstances quickly. Agile methodologies are widely adopted in the software development industry to improve efficiency and responsiveness to customer needs.
Barbell Strategy:
The second statement is also correct. Barbell Strategy is a risk management approach that involves combining two extremes - high-risk, high-reward investments with low-risk, low-return investments. This strategy uses safety nets, such as low-risk assets, to protect against potential losses while also taking advantage of opportunities for high returns. Additionally, real-time information-based policy adjustments are made to address challenges faced by vulnerable sections of society, making it an effective approach for managing risks and promoting inclusive growth.
Therefore, both statements are correct, and the correct answer is option 'C' - Both 1 and 2.
Consider the following statements: Agile approach is an intellectua...
- The “Waterfall” framework has been the conventional method for framing policy in India. The Waterfall approach entails a detailed, initial assessment of the problem followed by a rigid upfront plan for implementation. This methodology works on the premise that all requirements can be understood at the beginning and therefore pre-commits to a certain path of action. This is the thinking reflected in five-year economic plans, and rigid urban masterplans. On the other hand, the Agile approach is a well -established intellectual framework that is increasingly used in fields like project management and technology development. In an uncertain environment, the Agile framework responds by assessing outcomes in short iterations and constantly adjusting incrementally.
- The Barbell Strategy is based on two- pronged strategy on providing (a) Safety Nets to poor people for unpredictable negative outcomes in future and (b) Supply Side measures to make Indian Economy more innovative, flexible, resilient to deal with the post covid19 world.